Last October, Alibaba Group co-founder Jack Ma revealed that he was in discussion with the Indonesian government regarding the possibility of opening an institute to train tech entrepreneurs in the country. This, he said, would help Indonesia meet the skill demands of Industry 4.0, also known as the Fourth Industrial Revolution (4IR).
Less than two weeks ago, Alibaba Group co-founder Jack Ma revealed that he was in discussion with the Indonesian government regarding the possibility of opening an institute to train tech entrepreneurs in the country.
Alibaba and Tencent are two household names in the global technology sphere. For a long time now, these two Chinese giants have slugged it out on their home turf in a struggle to achieve dominance in the growing Chinese internet consumer market.
On 18 June 2018, the founder of e-commerce conglomerate Alibaba, Jack Ma launched the company’s office in Kuala Lumpur. The office is Alibaba’s first in Southeast Asia and will be the first Electronic World Trade Platform (eWTP) hub outside of China.
Jack Ma’s shopping spree is starting to weigh on Alibaba’s bottom line just as profit and revenue growth ease. And investors have shaved about $60 billion off its market value to voice their displeasure.
Jack Ma, the billionaire co-founder of Chinese e-commerce giant Alibaba, urged Mark Zuckerberg to tackle the growing criticism aimed at Facebook Inc. by regulators and users around the world, and “really take it seriously.”
Alibaba Group Holding Ltd. sold 7 billion dollar bonds Wednesday in a deal that investors clamoured for, ordering more than six times as many securities as were for sale.
Indonesia’s e-commerce market is targeted to grow from 19 billion dollars in 2016 to 130 billion dollars in 2020, according to data obtained from Indonesia’s ICT (Information and Communications Technology) Ministry.